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Binance Launches an AI-Powered NFT Generator.

BlockNews Team by BlockNews Team
March 3, 2023
in BUSINESS, CRYPTO, MEDIA, TECHNOLOGY
Reading Time: 3 mins read
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  • Binance’s newly launched AI NFT generator goes above expectations with the beta launch.
  • Bicasso is a new world creation that will change the art world.
  • AI-generated art is taking over the art world.

Binance has gotten creative with the Non-fungible part of their platform and the creation of “Bicasso,” their newly launched artificial intelligence powered Non-fungible generator released earlier in the week. 

The AI-powered NFT generator is reported to be similar to the art platforms like DALL -E or Midjourney that allow users to type in a way that is a creative prompt to aid in producing a unique image or uploading an idea for the tool to adapt. The users of these platforms can mint their images as Non-fungible on the native BNB chain of Binance.

Binance’s CEO also claimed individuals could help in turning creative visions into NFTs with the use of artificial intelligence and advised people to make an effort to give it a try. 

NFT users on Binance were quick to hop on the newly launched features. They went ahead to share their work, and according to the data dropped on the mint from the Binance platform, they garnered nearly 3,300 users who minted at least one Bicasso NFT with an initial free mint capped at 10,000 NFTs. NFTs and Artificial intelligence have garnered more attention in the past year as generative art technology continues to push its way into the Web 3 space.

An interesting aspect is how last year, even with the crypto winter and the falling prices, generative art NFT collections were able to weather the crypto winter with high costs and an increase in trading volumes.

The Artificial Intelligence-powered NFT generator is reported to have been churning out digital art at total capacity, which has reached a cap of 10,000 NFTs in just less than 3 hours after it was launched, which is a considerable record to break.

Users who could use the AI quickly took to crypto Twitter to share their creations, pushing the innovation to the attention of a large demographic. 

Binance added that users who missed the 10k beta launch could still sign up for the wishlist to access the full version. Generative art is a new type of art that is gaining attention in the art world, either in whole or in part, created through an autonomous system. 

Bicasso allows you to mint your NFT and monetize it, which is different from how it used to be earlier when the generation of art and minting used to be two separate processes that required a lot of work and the use of several platforms.

Conclusion

The AI also allows users to upload an image for the generator to work with. Picasso will also enhance the image based on what is written as cues and eventually provide you with output. However, if the final result uploaded is not to your liking, you can input more instructions to Bicasso 

and the AI will go ahead to fine-tune the result to the user’s liking.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: AIBicassoBinanceBusinessCrypto Exchange
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